Former enclave people to get SME loans
Bangladesh Bank yesterday directed banks and other financial institutions to include the micro, small and medium enterprises of the 111 former enclaves in their group-based lending programme.
The central bank yesterday published a notice asking the financial institutions to take the new citizens of the country into the mainstream economy. It comes two months after the historical exchange of enclaves between Bangladesh and India.
In August this year, Bangladesh got 111 enclaves with 52,000 people who had been deprived of basic amenities such as education and healthcare, for the last 68 years. Immediately, Bangladesh Bank directed all locally operational banks to extend farm loans to the citizens of the former enclaves to boost agricultural activities in the area.
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